Two-room apartment in Lahti, currently rented out, for sale: an impressive 13.70% rental yield and a low asking price
Add a high-yielding property to your portfolio that has a long-term tenant and generates a healthy positive cash flow
Price excluding tax 24,750 €
Cash Flow / Month 282.60 €
Rental Income 13.70 %
Information about the apartment
| Address | 14 Jyrkänkatu |
|---|---|
| Apartment | A 9 |
| Type | 2 bedrooms + kitchen + bathroom |
| Area | 55 m² |
| Rent | 535,60 € |
| Maintenance fee | 253 € |
| Status |
Free
|
A two-room apartment in Lahti is for sale; it offers high rental income and a long-term tenant
- A 55 m² one-bedroom apartment that is already rented and occupied by a long-term tenant.
- The apartment has an impressive rental yield of 13.70% and a strong cash flow of €282.60 per month.
- The apartment building underwent a major renovation in 1996, which included, among other things, the renovation of the apartments' kitchens and bathrooms, as well as the replacement of the plumbing and heating systems.
- Return on equity of up to 37.43% and cash flow of €182.60 per month with 70% financing*
- *Loan calculated based on a 20-year term and a total interest rate of 3.5%. The monthly loan payment, including interest, is €100.00 in this calculation. Cash flow is calculated using the formula: rent + maintenance fees + loan payment = €182.60 per month
Basic information about the housing company
- Name of the housing cooperative: As Oy Lahden Jyrkänkatu 6 and 14
- Building type: Residential apartment building
- Year built: 1977
- Number of apartments: 70
- Number of floors: 5
- Elevator: Yes (1)
- Sauna in the apartment building: Yes
- Building material: Concrete
- Roof type: Flat roof
- Roofing material: Felt
- Energy Efficiency Class: D 2018
- Energy Certificate: Yes (valid through October 21, 2030)
- Building antenna system: Cable TV (DVB-C)
- Lot size: 4,470.00 m²
- Land Tenure: Lease (lease agreement expires on December 31, 2076)
- Property Management: Kotikatu Oy
- Property Management: Oiva Isännöinti Noste Oy
- Zoning Status: Local Master Plan
- Heating: District heating
Renovations completed
- 1996: Renovation; remodeling of the apartments' kitchens and bathrooms
- 1996: HVAC System Renovation
- 1996: The exterior doors of the stairwells were replaced
- 1996: Windows and balcony doors replaced
- 1996: Renovation of stairwells
- 1996: Water lines and sewers replaced
- 2012: Basic adjustment of the heating system; replacement of valves and radiator fittings
- 2013: Lock Replacement, Abloy Sento
- 2019: Elevator Modernization
- 2021: Replacement of the heat distribution center and automation system
- 2025: Replacement of smoke detectors
Upcoming Renovations (Maintenance Needs Assessment, Next 5 Years)
- Annual roof inspections and necessary maintenance and repair work for any defects found
- Maintenance procedures for apartment windows: Check the operation of window openers and latches, and replace them if necessary. Replace window and door seals.
- Replacement of the joints between the facade and balcony elements
- Updating the Energy Certificate
- Condition Survey of Balconies and Necessary Maintenance and Repair Work
- Water-saving fixtures will be installed in the apartments at the expense of Sijoitusasunnot.com
Pictures of the apartment
Floor plan of the apartment
Apartment condition points
| Average condition score for the apartment | 3 |
|---|---|
| Average surface area of apartment | 3 |
| Average condition of the kitchen | 3 |
| Average condition of bathrooms | 3 |
| Description | Condition | Impact on re-renting |
| 1 | Broken and requires immediate replacement or repair. | This will likely affect re-renting. |
| 2 | Clear signs of wear, but still usable. | May affect re-renting. |
| 3 | In habitable condition and meets the tenant's needs. | Unlikely to affect re-rental. |
| 4 | Very neat and in good condition. | Unlikely to affect re-rental. |
| 5 | In new condition. | Does not affect re-renting. |
The condition scores for each living space are averages based on detailed condition scores for the different rooms in the apartment. Check out the detailed condition scores for the apartment in the apartment materials!
Real estate investor's return and loan calculator
Estimated loan amount (monthly)
Cash flow
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Location of the destination on the map
Lahti as an investment city
Lahti – A dynamic investment city in the heart of growing Southern Finland
Lahti, Finland's eighth largest city, is a lively and developing center that offers diverse opportunities for residential investors. With a population of over 120,000, the urban area provides a solid foundation for housing demand, and Lahti's location in the middle of Southern Finland's growth corridor reinforces its position as an attractive investment destination. The city's diverse services, strong industrial heritage, and investments in green technology make it a unique combination of tradition and future prospects.
Why choose Lahti for real estate investment?
Lahti is a city that leaves no one cold. Its excellent transport connections to Helsinki and elsewhere in Finland make it an ideal location for both work and leisure. The city's continuous development is reflected in the emergence of new residential areas, businesses, and services, which creates a stable foundation for housing demand and rental income. Lahti is also known for its active cultural and sporting life, which attracts residents and increases the city's appeal. Lahti's affordable housing offers a wide range of options, from new developments to renovated apartments, so every investor is sure to find a property that suits their budget and goals. Lahti is a city that pulsates with life and offers real estate investors the opportunity to be part of its success story.
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